Edvenswa Enterprises Limited, a company listed on the Bombay Stock Exchange (BSE: 517170), has received a request from one of its promoters, Y. Ramesh Reddy, to reclassify his status from the promoter category to the public category. This development comes as Reddy's shareholding in the company has reduced below the threshold limits for promoter classification.

Reclassification Request Details

According to the company's filing, Y. Ramesh Reddy currently holds 1,896,000 equity shares, representing 6.47% of Edvenswa Enterprises' total shareholding. In his request dated September 15, 2025, Reddy has sought reclassification under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Compliance with SEBI Regulations

In his application, Reddy has confirmed that he, along with persons related to him:

• Do not hold more than 10% of the total voting rights in the company
• Do not exercise control over the company's affairs, directly or indirectly
• Have no special rights with respect to the company through formal or informal arrangements
• Are not represented on the board of directors and do not have a nominee director
• Do not act as key managerial personnel of the company

Background of the Request

Reddy's request for reclassification is linked to a SEBI order related to the Brightcom Group Limited matter, which is currently pending before the High Court. In compliance with this order, Reddy had previously stepped down as a Director of Edvenswa Enterprises and ceased to hold any position as a Key Managerial Personnel.

Approval Process

The reclassification request is subject to a multi-step approval process, including:

1. Consideration and approval by the Board of Directors of Edvenswa Enterprises
2. Approval from the shareholders of the company
3. No-objection from the stock exchange (BSE)

Compliance Commitment

In his letter to the Board of Directors, Reddy has committed to complying with the conditions specified in SEBI LODR Regulations, including:

• Continuing to meet the conditions for reclassification at all times
• Adhering to specific conditions for a period of not less than three years from the date of reclassification

Company Information

Edvenswa Enterprises Limited is headquartered in Hyderabad, with its registered office at Q 3-A2, First Floor, Cyber Towers, Hitec City. The company's Corporate Identification Number (CIN) is L62099TS1980PLC176617.

This reclassification request, if approved, would alter the promoter structure of Edvenswa Enterprises Limited, potentially impacting the company's shareholding pattern and governance dynamics.

Edvenswa Enterprises Limited, a Hyderabad-based IT consulting and digital transformation company, has announced significant strategic moves to strengthen its position in the global market. The company has made key leadership appointments, expanded its presence in Saudi Arabia, and invested heavily in its data and AI services.

New Leadership Appointments

Edvenswa has appointed two seasoned executives to drive its growth and innovation:

• Srikanth Inabathini joins as Chief Operating Officer (COO), bringing extensive operational and technology leadership experience from Broadridge Financial Solutions. Inabathini's expertise in scaling mission-critical business operations and driving digital transformation initiatives across capital markets and financial technology domains is expected to streamline program delivery and enhance organizational agility.

• JP Nellore has been named CEO of Seekvens.AI, Edvenswa's specialist center for data enablement and observability. With over 25 years of U.S. enterprise leadership experience, Nellore has a strong track record in launching and scaling technology-driven businesses, forging strategic alliances with Fortune 500 clients, and delivering industry-first innovations in data management and enterprise analytics.

Expansion into Saudi Arabia

In a strategic move aligned with Saudi Vision 2030, Edvenswa has established a regional headquarters in Riyadh. The company has initiated collaboration with a prominent Riyadh-based conglomerate with interests in healthcare, education, IT, and services sectors. This expansion positions Edvenswa as a critical technology partner for government-led digital transformation initiatives in the region.

Investment in AI and Data Services

Edvenswa is significantly scaling up its data and AI services through Seekvens.AI. The company aims to build a high-caliber team of over 100 certified practitioners, supported by leading technology platforms. This investment is designed to deliver global capabilities to clients in the U.S., Saudi Arabia, and beyond, focusing on data enablement and observability.

Strong Customer Confidence

In a testament to its service quality and customer relationships, Edvenswa has successfully renewed all its long-term client contracts that were up for renewal. This achievement ensures a stable baseline of recurring revenues for the company as it invests in new geographies and practices for accelerated growth.

USS Uppuluri, Chairman & Managing Director of Edvenswa Enterprises, commented on these developments: "With distinguished leaders like Srikanth and JP, deliberate investment in data & AI, our strategic footprint in Saudi Arabia, and the successful renewal of all long-term client contracts, we are well poised to drive value for our clients and shareholders. We are accelerating toward becoming not just service providers, but trusted partners enabling innovation, efficiency, and data-driven growth globally."

These strategic initiatives demonstrate Edvenswa's commitment to expanding its global footprint, enhancing its service offerings, and positioning itself as a key player in the digital transformation landscape. As the company continues to evolve, it aims to leverage its strengthened leadership and expanded capabilities to deliver measurable business outcomes through specialist capabilities and next-generation technologies.